Portland USDA Loan Rates, Closing Costs & Stats
PORTLAND-VANCOUVER-HILLSBORO, OR-WA
USDA loans are zero-downpayment loans targeted towards lower-income households in rural areas. They can be made directly by the US Department of Agriculture or through a participating lender-- and they typically to borrowers with credit scores over 640. They can have subsidized rates, making them very competitive in terms of cost, but they have more stringent standards on who is eligible as well as specific covenants such as only being available in rural areas and limits on home size.
Portland's 14 lenders originated 18 USDA loans during 2024. The total origination value was $7,350,000, with an average USDA loan value of $408,333.
Portland USDA Loans, 30 Year Fixed Rates
30 Year USDA mortgages in Portland
averaged
6.71%
for the week of 2025-05-23, compared to the national average (all USDA variants) of
6.433% for the same period.
Portland's average USDA mortgage closing costs are $8,469.
The average rate for the prior week (2025-05-16) was
6.34% and
one month ago for the week of 2025-04-18, the
average rate was 6.53%.
The average rate one year ago was 6.79%.
For refis of the same type during the week of 2025-05-23, the average rate
was 6.21%.
Portland USDA Loan Lenders by Rates & Fees
The below table looks at the average fees/closing costs and rates for USDA 30 Year Fixed Rate (purchase, first lien) mortgages originated by each lender at the Portland level.
| Name | # of Loans | 2024 Avg. 30yFix Rate | 2024 Avg. Closing Costs |
|---|---|---|---|
| PACIFIC RESIDENTIAL MORTGAGE, LLC | 3 | 6.08% | $14,435 |
| UNITED WHOLESALE MORTGAGE, LLC | 2 | 6.25% | $10,038 |
| CANOPY MORTGAGE, LLC | 1 | 6.13% | $18,073 |
| Commerce Home Mortgage, Inc. | 1 | 5.75% | $13,235 |
| CROSSCOUNTRY MORTGAGE, LLC | 1 | 5.75% | $8,481 |
| DHI MORTGAGE COMPANY, LTD. | 1 | 5.25% | $6,781 |
| Flagstar Bank, FSB | 1 | 5.38% | $7,837 |
| GENEVA FINANCIAL, LLC | 1 | 6.13% | $29,616 |
| Loan Simple, Inc. | 1 | 5.50% | $6,174 |
| MUTUAL OF OMAHA MORTGAGE, INC. | 1 | 6.75% | $17,400 |
| Sierra Pacific Mortgage Company, Inc. | 1 | 6.63% | $10,010 |
| AMERICAN FINANCIAL RESOURCES, INC. | 1 | 5.25% | $9,657 |
| Waterstone Mortgage Corporation | 1 | 6.00% | $19,525 |
| BAY EQUITY LLC | 1 | 6.25% | $12,445 |
The top Portland USDA lender as defined by loan originations is PACIFIC RESIDENTIAL MORTGAGE, LLC, with
3 USDA loans originated. Their average total fees are
$14,435, which is $4,396
higher than the next largest lender,
UNITED WHOLESALE MORTGAGE, LLC.
The lowest fee Portland USDA lenders (with over 10 loans originated) are
.
The lowest rate Portland USDA lenders (with over 10 loans originated) are
.
Market Conditions (Median, Average Prices & Listing Count)
Realtor.com - Portland (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis| Date | Median Listing Price (YoY Change) | Average Listing Price (YoY) | MSA/US Median Price Ratio | Active Listings |
|---|---|---|---|---|
| 2018-01-01 | $476,538 (4.2%) | $624,738 (3.6%) | 1.77 | 4,642 |
| 2018-02-01 | $482,475 (2.1%) | $639,191 (4.1%) | 1.75 | 4,444 |
| 2018-03-01 | $495,000 (3.0%) | $639,960 (2.1%) | 1.74 | 4,759 |
| 2018-04-01 | $499,000 (2.9%) | $638,700 (1.7%) | 1.69 | 5,380 |
| 2018-05-01 | $499,700 (2.0%) | $639,825 (1.6%) | 1.67 | 6,268 |
| 2018-06-01 | $495,945 (1.6%) | $629,965 (1.6%) | 1.65 | 7,129 |
| 2018-07-01 | $484,500 (0.9%) | $616,379 (1.5%) | 1.62 | 8,101 |
| 2018-08-01 | $479,000 (0.8%) | $604,214 (0.9%) | 1.60 | 8,624 |
| 2018-09-01 | $472,000 (0.6%) | $593,559 (0.3%) | 1.59 | 8,951 |
| 2018-10-01 | $469,900 (0.1%) | $590,373 (-0.3%) | 1.59 | 8,694 |
| 2018-11-01 | $469,900 (0.0%) | $593,331 (-1.0%) | 1.59 | 8,071 |
| 2018-12-01 | $469,900 (-1.1%) | $601,318 (-2.1%) | 1.62 | 6,944 |
| 2019-01-01 | $473,495 (-0.6%) | $603,657 (-3.4%) | 1.64 | 6,166 |
| 2019-02-01 | $477,949 (-0.9%) | $611,911 (-4.3%) | 1.61 | 6,021 |
| 2019-03-01 | $480,657 (-2.9%) | $611,246 (-4.5%) | 1.57 | 6,280 |
| 2019-04-01 | $475,845 (-4.6%) | $604,175 (-5.4%) | 1.51 | 6,833 |
| 2019-05-01 | $478,950 (-4.2%) | $604,660 (-5.5%) | 1.50 | 7,393 |
| 2019-06-01 | $479,000 (-3.4%) | $601,283 (-4.6%) | 1.50 | 8,308 |
| 2019-07-01 | $474,950 (-2.0%) | $598,894 (-2.8%) | 1.49 | 8,601 |
| 2019-08-01 | $473,291 (-1.2%) | $598,581 (-0.9%) | 1.50 | 8,498 |
| 2019-09-01 | $470,877 (-0.2%) | $597,153 (0.6%) | 1.51 | 8,255 |
| 2019-10-01 | $465,350 (-1.0%) | $590,927 (0.1%) | 1.50 | 7,952 |
| 2019-11-01 | $463,980 (-1.3%) | $593,276 (0.0%) | 1.52 | 6,942 |
| 2019-12-01 | $466,500 (-0.7%) | $597,951 (-0.6%) | 1.56 | 5,651 |
| 2020-01-01 | $472,170 (-0.3%) | $609,994 (1.1%) | 1.58 | 4,866 |
| 2020-02-01 | $479,000 (0.2%) | $616,550 (0.8%) | 1.57 | 4,427 |
| 2020-03-01 | $479,450 (-0.3%) | $621,009 (1.6%) | 1.50 | 4,816 |
| 2020-04-01 | $475,725 (0.0%) | $607,767 (0.6%) | 1.49 | 5,676 |
| 2020-05-01 | $488,500 (2.0%) | $617,166 (2.1%) | 1.48 | 5,748 |
| 2020-06-01 | $499,000 (4.2%) | $631,032 (5.0%) | 1.47 | 5,376 |
| 2020-07-01 | $499,900 (5.3%) | $642,495 (7.3%) | 1.45 | 5,134 |
| 2020-08-01 | $499,960 (5.6%) | $650,939 (8.8%) | 1.43 | 5,056 |
| 2020-09-01 | $499,980 (6.2%) | $654,864 (9.7%) | 1.43 | 4,745 |
| 2020-10-01 | $510,000 (9.6%) | $661,247 (11.9%) | 1.46 | 4,499 |
| 2020-11-01 | $512,500 (10.5%) | $669,846 (12.9%) | 1.50 | 3,848 |
| 2020-12-01 | $507,500 (8.8%) | $674,314 (12.8%) | 1.51 | 2,958 |
| 2021-01-01 | $499,900 (5.9%) | $682,776 (11.9%) | 1.49 | 2,486 |
| 2021-02-01 | $503,155 (5.0%) | $691,045 (12.1%) | 1.46 | 2,244 |
| 2021-03-01 | $512,050 (6.8%) | $684,374 (10.2%) | 1.45 | 2,404 |
| 2021-04-01 | $525,000 (10.4%) | $693,221 (14.1%) | 1.42 | 2,637 |
| 2021-05-01 | $549,900 (12.6%) | $717,340 (16.2%) | 1.46 | 2,851 |
| 2021-06-01 | $554,950 (11.2%) | $727,032 (15.2%) | 1.46 | 3,337 |
| 2021-07-01 | $555,000 (11.0%) | $731,836 (13.9%) | 1.46 | 3,758 |
| 2021-08-01 | $550,000 (10.0%) | $723,182 (11.1%) | 1.47 | 3,852 |
| 2021-09-01 | $550,000 (10.0%) | $724,340 (10.6%) | 1.47 | 3,995 |
| 2021-10-01 | $550,000 (7.8%) | $721,218 (9.1%) | 1.47 | 3,907 |
| 2021-11-01 | $550,000 (7.3%) | $725,030 (8.2%) | 1.47 | 3,126 |
| 2021-12-01 | $549,250 (8.2%) | $728,293 (8.0%) | 1.49 | 2,376 |
| 2022-01-01 | $550,000 (10.0%) | $739,209 (8.3%) | 1.49 | 1,835 |
| 2022-02-01 | $561,950 (11.7%) | $737,166 (6.7%) | 1.46 | 1,923 |
| 2022-03-01 | $573,950 (12.1%) | $737,757 (7.8%) | 1.44 | 2,142 |
| 2022-04-01 | $585,000 (11.4%) | $754,828 (8.9%) | 1.39 | 2,343 |
| 2022-05-01 | $597,450 (8.7%) | $760,144 (6.0%) | 1.37 | 3,414 |
| 2022-06-01 | $599,995 (8.1%) | $762,564 (4.9%) | 1.34 | 4,391 |
| 2022-07-01 | $599,000 (7.9%) | $754,182 (3.1%) | 1.35 | 5,649 |
| 2022-08-01 | $591,000 (7.5%) | $746,161 (3.2%) | 1.37 | 5,811 |
| 2022-09-01 | $589,900 (7.3%) | $761,938 (5.2%) | 1.38 | 5,840 |
| 2022-10-01 | $579,900 (5.4%) | $760,802 (5.5%) | 1.36 | 5,853 |
| 2022-11-01 | $582,480 (5.9%) | $769,337 (6.1%) | 1.40 | 5,512 |
| 2022-12-01 | $589,900 (7.4%) | $779,861 (7.1%) | 1.46 | 4,556 |
| 2023-01-01 | $597,450 (8.6%) | $793,392 (7.3%) | 1.48 | 3,811 |
| 2023-02-01 | $607,050 (8.0%) | $812,698 (10.3%) | 1.47 | 3,392 |
| 2023-03-01 | $614,862 (7.1%) | $825,498 (11.9%) | 1.45 | 3,386 |
| 2023-04-01 | $629,000 (7.5%) | $834,041 (10.5%) | 1.46 | 3,544 |
| 2023-05-01 | $639,338 (7.0%) | $829,697 (9.2%) | 1.45 | 4,148 |
| 2023-06-01 | $640,000 (6.7%) | $824,741 (8.2%) | 1.44 | 4,745 |
| 2023-07-01 | $639,900 (6.8%) | $826,915 (9.6%) | 1.45 | 5,311 |
| 2023-08-01 | $637,725 (7.9%) | $826,434 (10.8%) | 1.46 | 5,503 |
| 2023-09-01 | $625,000 (6.0%) | $811,065 (6.5%) | 1.46 | 5,657 |
| 2023-10-01 | $619,972 (6.9%) | $806,489 (6.0%) | 1.46 | 5,749 |
| 2023-11-01 | $603,450 (3.6%) | $795,738 (3.4%) | 1.44 | 5,588 |
| 2023-12-01 | $600,000 (1.7%) | $799,602 (2.5%) | 1.46 | 4,898 |
| 2024-01-01 | $603,730 (1.1%) | $804,000 (1.3%) | 1.47 | 4,262 |
| 2024-02-01 | $600,000 (-1.2%) | $802,104 (-1.3%) | 1.44 | 4,107 |
| 2024-03-01 | $605,000 (-1.6%) | $806,142 (-2.3%) | 1.42 | 4,288 |
| 2024-04-01 | $615,000 (-2.2%) | $811,392 (-2.7%) | 1.43 | 4,872 |
| 2024-05-01 | $620,313 (-3.0%) | $821,583 (-1.0%) | 1.41 | 5,683 |
| 2024-06-01 | $625,000 (-2.3%) | $811,081 (-1.7%) | 1.42 | 6,387 |
| 2024-07-01 | $617,497 (-3.5%) | $803,178 (-2.9%) | 1.41 | 6,899 |
| 2024-08-01 | $615,000 (-3.6%) | $794,261 (-3.9%) | 1.43 | 7,084 |
| 2024-09-01 | $604,890 (-3.2%) | $788,585 (-2.8%) | 1.42 | 7,232 |
| 2024-10-01 | $602,413 (-2.8%) | $781,702 (-3.1%) | 1.42 | 7,073 |
| 2024-11-01 | $599,900 (-0.6%) | $777,652 (-2.3%) | 1.44 | 6,503 |
| 2024-12-01 | $597,000 (-0.5%) | $779,357 (-2.5%) | 1.48 | 5,535 |
| 2025-01-01 | $598,725 (-0.8%) | $779,742 (-3.0%) | 1.49 | 5,120 |
| 2025-02-01 | $598,415 (-0.3%) | $779,504 (-2.8%) | 1.45 | 5,125 |
| 2025-03-01 | $599,900 (-0.8%) | $777,380 (-3.6%) | 1.41 | 5,559 |
| 2025-04-01 | $614,950 (0.0%) | $792,685 (-2.3%) | 1.43 | 6,363 |
Portland's median listing price comes in at 143% of the national average.
Portland's average listing price for 2025-04-01 was $792,685, a difference of $-18,707 (-2.3%) versus the prior year and $15,305 versus the prior month.
For the 2025-04-01 period, Portland had 6,363 MLS listings, a difference of 804 listings (14%) versus the prior month and 1,491 listings (31%) versus the prior year.
Median Listing Time on Market & Square Footage
Realtor.com - Portland (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis| Date | Median Listing Time on Market | Median Square Footage |
|---|---|---|
| 2018-01-01 | 62 days | 2,269 sqft |
| 2018-02-01 | 42 days | 2,276 sqft |
| 2018-03-01 | 34 days | 2,273 sqft |
| 2018-04-01 | 30 days | 2,278 sqft |
| 2018-05-01 | 30 days | 2,279 sqft |
| 2018-06-01 | 32 days | 2,250 sqft |
| 2018-07-01 | 37 days | 2,219 sqft |
| 2018-08-01 | 38 days | 2,190 sqft |
| 2018-09-01 | 44 days | 2,159 sqft |
| 2018-10-01 | 49 days | 2,145 sqft |
| 2018-11-01 | 56 days | 2,151 sqft |
| 2018-12-01 | 67 days | 2,144 sqft |
| 2019-01-01 | 69 days | 2,139 sqft |
| 2019-02-01 | 47 days | 2,156 sqft |
| 2019-03-01 | 39 days | 2,146 sqft |
| 2019-04-01 | 35 days | 2,133 sqft |
| 2019-05-01 | 32 days | 2,141 sqft |
| 2019-06-01 | 36 days | 2,159 sqft |
| 2019-07-01 | 39 days | 2,151 sqft |
| 2019-08-01 | 43 days | 2,137 sqft |
| 2019-09-01 | 47 days | 2,131 sqft |
| 2019-10-01 | 50 days | 2,113 sqft |
| 2019-11-01 | 61 days | 2,100 sqft |
| 2019-12-01 | 74 days | 2,098 sqft |
| 2020-01-01 | 74 days | 2,113 sqft |
| 2020-02-01 | 55 days | 2,112 sqft |
| 2020-03-01 | 42 days | 2,096 sqft |
| 2020-04-01 | 43 days | 2,097 sqft |
| 2020-05-01 | 53 days | 2,107 sqft |
| 2020-06-01 | 50 days | 2,121 sqft |
| 2020-07-01 | 43 days | 2,107 sqft |
| 2020-08-01 | 42 days | 2,102 sqft |
| 2020-09-01 | 49 days | 2,080 sqft |
| 2020-10-01 | 57 days | 2,056 sqft |
| 2020-11-01 | 62 days | 2,048 sqft |
| 2020-12-01 | 64 days | 2,000 sqft |
| 2021-01-01 | 51 days | 1,942 sqft |
| 2021-02-01 | 37 days | 1,881 sqft |
| 2021-03-01 | 32 days | 1,904 sqft |
| 2021-04-01 | 30 days | 1,912 sqft |
| 2021-05-01 | 30 days | 1,948 sqft |
| 2021-06-01 | 27 days | 1,975 sqft |
| 2021-07-01 | 33 days | 1,978 sqft |
| 2021-08-01 | 37 days | 1,965 sqft |
| 2021-09-01 | 40 days | 1,961 sqft |
| 2021-10-01 | 42 days | 1,931 sqft |
| 2021-11-01 | 51 days | 1,908 sqft |
| 2021-12-01 | 49 days | 1,861 sqft |
| 2022-01-01 | 59 days | 1,852 sqft |
| 2022-02-01 | 28 days | 1,832 sqft |
| 2022-03-01 | 28 days | 1,835 sqft |
| 2022-04-01 | 26 days | 1,851 sqft |
| 2022-05-01 | 23 days | 1,929 sqft |
| 2022-06-01 | 24 days | 1,982 sqft |
| 2022-07-01 | 30 days | 2,001 sqft |
| 2022-08-01 | 37 days | 2,001 sqft |
| 2022-09-01 | 44 days | 1,996 sqft |
| 2022-10-01 | 44 days | 1,989 sqft |
| 2022-11-01 | 51 days | 1,995 sqft |
| 2022-12-01 | 65 days | 2,001 sqft |
| 2023-01-01 | 72 days | 2,021 sqft |
| 2023-02-01 | 53 days | 2,039 sqft |
| 2023-03-01 | 44 days | 2,042 sqft |
| 2023-04-01 | 37 days | 2,064 sqft |
| 2023-05-01 | 34 days | 2,088 sqft |
| 2023-06-01 | 34 days | 2,094 sqft |
| 2023-07-01 | 38 days | 2,111 sqft |
| 2023-08-01 | 41 days | 2,112 sqft |
| 2023-09-01 | 45 days | 2,080 sqft |
| 2023-10-01 | 47 days | 2,057 sqft |
| 2023-11-01 | 54 days | 2,024 sqft |
| 2023-12-01 | 66 days | 2,004 sqft |
| 2024-01-01 | 71 days | 2,006 sqft |
| 2024-02-01 | 55 days | 1,998 sqft |
| 2024-03-01 | 45 days | 1,996 sqft |
| 2024-04-01 | 39 days | 2,009 sqft |
| 2024-05-01 | 37 days | 2,020 sqft |
| 2024-06-01 | 43 days | 2,020 sqft |
| 2024-07-01 | 47 days | 2,019 sqft |
| 2024-08-01 | 51 days | 2,014 sqft |
| 2024-09-01 | 58 days | 2,011 sqft |
| 2024-10-01 | 62 days | 2,012 sqft |
| 2024-11-01 | 67 days | 2,005 sqft |
| 2024-12-01 | 80 days | 1,962 sqft |
| 2025-01-01 | 82 days | 1,945 sqft |
| 2025-02-01 | 75 days | 1,929 sqft |
| 2025-03-01 | 51 days | 1,946 sqft |
| 2025-04-01 | 44 days | 1,980 sqft |
Portland's median square footage for active listings during the 2025-04-01 period was 1,980 sqft. One year prior, the average listing was 2,009 sqft.